Salesforce CEO (NYSE:CRM) Marc Benioff said on Wednesday that warnings about AI-driven mass white-collar layoffs were overblown. By Friday morning, the U.S. economy had shed 92,000 jobs, and a week that saw headlines on job cuts at Morgan Stanley (NYSE:MS), Oracle (NYSE:ORCL), and Capital One (NYSE:COF) was drawing to a close.
The Comment That Didn’t Age Well
Speaking to CNBC, Benioff said, “These pronouncements of these mass white collar layoffs: I just do not see it,” calling Block’s 40% staff reduction a company-specific problem rather than evidence of a broad trend. His remarks put him at odds with Anthropic CEO Dario Amodei, who has said AI could soon eliminate half of all entry-level white-collar roles, and OpenAI-backer Vinod Khosla, who said that week that AI could replace 80% …
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